KPMG report
Individual Income Tax and Social Security Rate Survey 2012
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The 2012 Benchmark Survey on VAT/GST
Posted. 04.04.2012
Overview
Despite the continued shift to indirect taxation globally, a majority of businesses still don’t have effective global VAT/GST management practices in place, according to KPMG International’s 2012 Benchmarking Survey on VAT/GST.
This survey shows new business models, increased globalisation, finance function transformation and rapid legislative change are all putting VAT/GST management under tremendous pressure. Compliance risks, obligations and challenges are increasing – simply put, most businesses are just not keeping pace.